NASDAQ: We Really Messed Up the Facebook IPO

If all the noise and fanfare of Friday was anything to go by, you'd be forgiven for thinking that Facebook's IPO was nothing but a roaring success. Turns out that, behind the scenes, NASDAQ was a crumbling wreck.

So what went wrong? First, an embarrassing 30 minute delay. Then apparently, despite rigorous testing, their systems couldn't cope, which led to order cancellations that slowed up the whole initial public offering process. Those glitches saw bankers and hedge fund managers waiting over two hours to know if their transactions had been successful.